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Matthew
Matthew
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Given a coloran LCD television using primarily for personal use, if I were to donate it what would the donation value be?

I assumed that I should take straight-line depreciation over its useful life? IRS says 5-years for computer equipment, but I couldn't find an IRS guideline for TV's. Googling turning up a non-IRS page suggesting 12-year for color TVs.

Given a color television using primarily for personal use, if I were to donate it what would the donation value be?

I assumed that I should take straight-line depreciation over its useful life? IRS says 5-years for computer equipment, but I couldn't find an IRS guideline for TV's. Googling turning up a non-IRS page suggesting 12-year for color TVs.

Given an LCD television using primarily for personal use, if I were to donate it what would the donation value be?

I assumed that I should take straight-line depreciation over its useful life? IRS says 5-years for computer equipment, but I couldn't find an IRS guideline for TV's. Googling turning up a non-IRS page suggesting 12-year for color TVs.

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Matthew
Matthew
  • 3.2k
  • 19
  • 31

How should I value personal use television for donation?

Given a color television using primarily for personal use, if I were to donate it what would the donation value be?

I assumed that I should take straight-line depreciation over its useful life? IRS says 5-years for computer equipment, but I couldn't find an IRS guideline for TV's. Googling turning up a non-IRS page suggesting 12-year for color TVs.